If like me you are puzzled as to:
Why the Irish need a financing package now when they don't need to borrow for at least another 6 months? Why adding more debt on top of bad debt makes things better? Why bondholders of failed banks don't get forceably converted to holding equity and original equity holders get nothing?…I went along to the Risk USA event yesterday and caught a good panel in the afternoon called “Garbage in, garbage out” Servicing the data supply and analytic needs for risk management.
In particular, one of the speakers, Frank R. Brown, described some work he had done as a consultant at one financial institution on tracking and rebalancing an index product.…
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